Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Silver Lake area can be challenging. Home prices in Silver Lake are now at a median cost of $204,937, lower than the Minnesota average of $269,934.
The average cost of rent is $814/mo in Silver Lake, primarily driven by the current value of real estate in the Silver Lake area. While nearly 48.32% of residents own their homes outright in Silver Lake, 12.75% rent.
Housing affordability isn’t just about home prices, though. The average household income in Silver Lake is $6,114 per month. Households that rent pay about 13.31% of their income on rent here. Silver Lake's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Komensky, MN: higher priced homes
- Lamson, MN: higher priced homes
- Biscay, MN: higher priced homes
- Lester Prairie, MN: equally priced homes
- Winsted, MN: equally priced homes
- Stockholm, MN: higher priced homes
- Hutchinson, MN: equally priced homes
- Glencoe, MN: equally priced homes
- Jennie, MN: higher priced homes
- New Germany, MN: higher priced homes
Cities with Similar Populations
- Beaumont, MS: less expensive homes
- Birnamwood, WI: less expensive homes
- Browns Valley, CA: higher priced homes
- Buras, LA: less expensive homes
- Cambria, IL: less expensive homes
- Cape Fair, MO: equally priced homes
- Danville, IA: equally priced homes
- Cut and Shoot, TX: less expensive homes
- Oakfield, TN: less expensive homes
- Roman Forest, TX: equally priced homes
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